Tag: Bitcoin

Cryptocurrencies and NFTs are swarming with mountains of fraud: IRS

An IRS special agent says digital assets, including NFTs, are overrun by fraud such as money laundering, market manipulation, and tax evasion. The agency plans on cracking down on these crimes, including celebrities endorsing illegal products and services. Criminal investigators from the US Internal Revenue Service (IRS) reckon that cryptocurrencies and non-fungible tokens (NFTs) are […]

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Are crypto lending products securities? The US SEC reportedly probing 3 crypto firms for offering service

US regulator has launched an investigation into three companies as it considers whether their crypto lending products fall under securities. BlockFi and Celsius are among other companies that have received strict warnings from several state regulators for these offerings. The US Securities and Exchange Commission (SEC) is reportedly looking into the activities of three crypto […]

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Breaking: SEC Declines Fidelity’s Spot Bitcoin ETF

According to reports, the SEC has rejected Fidelity’s spot settled Bitcoin ETF application. After postponing a decision on Fidelity’s Wise Origin Bitcoin Trust which was filed in March last year several times, the SEC has finally announced that it is rejecting the proposal. The Securities regulator cites that the proposal failed to meet investor protection […]

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Can Bitcoin’s Price Hit $1 Million? Ark Invest Is Confident It Can Happen In 2030

Cathie Wood’s ARK Invest has made a mind-blowing prediction for the price of Bitcoin and Ethereum. According to their Big Ideas Summit 2022 (BIS 2022) report, Bitcoin may exceed a value of $1 million in 2030. Ethereum too will expand its market cap significantly to $20 trillion in the next decade. Both Bitcoin and Ethereum […]

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Another American Bank Partners with NYDIG to Offer Bitcoin to Customers

Customers of U.S. financial service provider Five Star Bank will soon be able to securely buy and invest in bitcoin (BTC) directly from their bank accounts thanks to a partnership with NYDIG. Five Star Bank to Offer Bitcoin Trading Services New York Digital Investment Group (NYDIG) has struck a partnership with American-based Five Star Bank […]

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Breaking: Valkyrie Planning To List Bitcoin Mining ETF On NASDAQ

Digital assets manager Valkyrie has applied with the SEC to list a new Bitcoin-focused exchange-traded fund on Nasdaq. In the filing, Valkyrie highlighted that its Valkyrie Bitcoin Miners ETF will invest 80% of its net assets in firms in the crypto mining ecosystem. The ETF is awaiting approval and will mark the crypto asset manager’s […]

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Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court […]

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Bitcoin & Wall Street Plunge As Powell Threatens Interest Rate Hikes At FOMC

Bitcoin & Wall Street Plunge As Powell Threatens Interest Rate Hikes At FOMC

Bitcoin’s price went turbulent during a press conference following today’s highly anticipated Federal Open Markets Committee (FOMC) meeting. It fell $1000 as Federal Reserve Chairman Jerome Powell restated plans to raise the federal funds rate in March. In his speech preceding the conference, Powell recognized that much of the labor force is unable to report […]

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